I do agree with what you are saying, but you missed one point. Let's say Toyota, needs to change 1billion USD into Yen, how do they do it? I suspect that they pass this order to their bank (liquidity provider) which tries to get them the best rate ...

True or False: Brokers like you to make money

They do have slippage, but that's why i use only use limit orders... 250 pip slippage that i've had was a one off thing, it was a market order in the 1st second of the spike, no more market orders for me, thank you very much! Market usually ...

Now I know why 95% of traders are on losing side

FXCM do have a dealing desk, wake up.... helloo.... lol

True or False: Brokers like you to make money

Hey Big Burger, you are a bit wrong about ECNs here, ECN pit traders against liquidity providers, they make money on comission. Spreads still exist, so liquidity providers make money that way + they have a back log of institutional orders to fill... ...

True or False: Brokers like you to make money

This is kind of obvious... but anyway.. 1- Red means imporant even, could move the market a lot (40 pips+) However, the impact values given by calendars are often not the most accurate. My list of High Impact reports would be: Employment Reports ...

News trading help

Interbank is a retail bucketshop broker, to trade the news you need a ECN with fast execution. I trade on currenex, such thing as a requote is non-existant as i'm trading directly with the liquidity providers. I've attached a GBP/USD chart, which is ...

Now I know why 95% of traders are on losing side

I traded the october NFP, and made good money. Initial surge was down, slightly higher number + huge revision (which is less focused on than the actual number, in fact to many people it seemed that the officials simply cooked the numbers to make ...

Now I know why 95% of traders are on losing side

I was just about to post something along the same lines, but you've laid out most of my thought before me. A few additional points, there is a "rumor" going around, being cited as a major advantage of forex: "currencies trend more than any other ...

Much of What You Know About 4X is Wrong!

Isn't this the guy who blew up yet again this year?

Trading with 100% of your capital

Half of the "priority" events are shown under a wrong "priority". I.E TIC Net Long-Term Transactions and Housing Starts this week (AUS PPI is also red for the next week, complete joke imho), are no way near the red status in my opinion, compared to ...

Consistent Market-Moving News for the GBP/JPY

You don't really need to read any articles, simply watch all of the major releases, wait for shocking numbers to come out, join the panic and cash out before it's over. Top reports usually create trends that last a few hours - few days. You might ...

Best news site for studying fundamentals

[/B] Looks like you've already found the holy grail. looking forward to reading about you in the next Forbes 100... Best of luck Vlad

Trading with 100% of your capital

Wait a second, do you ever have any loosing trades?

haniam's anti Big Dogs trades

just scroll back on your metatrader charts (or press Home button) and then use f12 to go forward one bar at a time. Best of luck, Vlad

how can i quickly test out manual systems?

If you are still making 8% a month after a year, then you can call yourself a trade, after just a month, it means nothing... nothing at all I'm trading full time, making good money. About 20% a month on average i would say... account is still below ...

Who here is making money?

Just remember that forex is a damn hard market to trade/make money from. If you have been making steady/consitent profits for a period of about 3month on demo, you might consider opening a small live account, after another 3month of making ...

Need Step by Step guide for a beginner and have some questions?

Or maybe you should do your research better the next time. May be you would find that there were some coments regarding the strong YEN by the government officials, related to G7 summit????

Consistent Market-Moving News for the GBP/JPY

just get a ECN broker, i don't really see a reason for using a bucketshop any longer. Interactive Brokers, MBTrading, Various Currenex brokers, all seem like a great alternative...

FXCM Discussion

Regarding the post above, hedging is not actually the correct term when opening an exactly the same position, in the opposite direction, usually it's taking some different postion, reducing the risk (i.e long G/U, then you short Eur/Usd in a hope ...

Are we all enemies at the forex market?

First of all, i do feel bad for Erlan, loosing a large amount of money to a broker is not very pleasant, i've experienced it before. However, few things do stand out. 1) I am a professional Forex trader from Kazakhstan Professional traders don't do ...

Issues with FXOpen